By Sarah Lizee
Olympia, Wash., June 17 – Grasim Industries Ltd. informed the Bombay Stock Exchange that its board of directors met on Wednesday and allotted Rs. 5 billion of 5.9% three-year fully paid-up redeemable nonconvertible debentures on a private placement basis.
The debentures will be listed on the wholesale debt market segment of BSE Ltd.
The manufacturing company is based in Bombay.
| Issuer: | Grasim Industries Ltd.
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| Issue: | Fully paid-up redeemable nonconvertible debentures
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| Amount: | Rs. 5 billion
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| Maturity: | June 16, 2023
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| Coupon: | 5.9%
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| Allotment date: | June 17
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